UAE was a Guest of Honor at the Saint Petersburg International Economic Forum 2023

This year, the United Arab Emirates surprised everyone at the Saint Petersburg International Economic Forum, from the size of the delegation (45 people, including the Ruler of Ras Al Khaimah and the UAE Minister of Economy) to the visit of UAE President H.H. Sheikh Mohammed bin Zayed Al Nahyan to meet with Vladimir Vladimirovich on the forum’s fields, as well as the agreements signed.

Obviously, the most important point was the agreement regarding the maintenance of Aeroflot and S7 aircrafts by the Emirati company, as well as the possibility of establishing a special zone for industrial enterprises in the UAE, similar to Egypt. In 2022, the volume of commerce between Russia and the UAE reached a record $9 billion. The nations are actively engaged in the energy and real estate industries. In logistics and industry, agriculture, tourism, educational initiatives, health, transportation, food security, and technology, there is active cooperation.

The forum was generally delighted with the quantity and caliber of contributions. The number of events, discussions, and debates, the majority of which were on extremely vital and pressing topics.

UAE Minister of Economy Abdullah Bin Touk Al Mari stated, “We view Russia as a strategic partner and are actively building this partnership.”